Pro Rata Contribution definition
Examples of Pro Rata Contribution in a sentence
Each of the Wholly-Owned LP Trust and Tanger Family Limited Partnership hereby waives the right to receive the Funding Notice required pursuant to this Section 4.5B and the right to make a Pro Rata Contribution pursuant to Section 4.5E with respect to all prior and future contributions of Additional Funds derived from the sale or other issue of REIT Shares.
Such Election Notice shall contain the amount of the additional Capital Contribution or the loan participation, if any, the Original Limited Partner is to make (such additional Capital Contribution not to exceed the respective Pro Rata Contribution of such Original Limited Partner and such loan participation not to exceed the respective Pro Rata Participation of such Original Limited Partner) equal to all or any portion of its Pro Rata Contribution or Pro Rata Participation.
Except as provided in the last sentence of this Section 4.5.G, each Original Limited Partner then holding a Common Limited Partner Interest may elect to make an additional Capital Contribution not to exceed the product of (i) the total amount of additional Capital Contributions being sought, and (ii) such Partner's Junior Percentage Interest (with such product deemed the "Pro Rata Contribution").
Provided that the Specified Limited Partner is then holding a Limited Partner Interest, the Specified Limited Partner may elect to make an additional Capital Contribution not to exceed the product of (i) the total amount of additional Capital Contributions being sought, and (ii) the Specified Limited Partner's Percentage Interest (with such product deemed the "Pro Rata Contribution").
The “Intergovernmental Agreement Regarding a Pro Rata Contribution Toward the Design and Engineering Related to the Widening of a Portion of ▇▇▇▇▇▇▇▇ Ferry Road” between the County and ▇▇▇▇▇ Creek, dated March 19, 2015 shall be superseded where in conflict with this Agreement and shall otherwise remain in full force and effect.
Such Election Notice shall contain the amount of the additional Capital Contribution, if any, the Partner is to make (such additional Capital Contribution not to exceed the respective Pro Rata Contribution of such Partner) equal to all or any portion of its Pro Rata Contribution (with all or such portion thereof that such partner elects to make hereinafter referred to as the “Preemptive Contribution”).
Such Election Notice shall contain the amount of the additional Capital Contribution, if any, the Partner is to make (such additional Capital Contribution not to exceed the respective Pro Rata Contribution of such Partner) equal to all or any portion of its Pro Rata Contribution (with all or such portion thereof that such partner elects to make hereinafter referred to as the "Preemptive Contribution").
Such Election Notice shall contain the amount of the additional Capital Contribution, if any, the Common Limited Partner is to make (such additional Capital Contribution not to exceed the respective Pro Rata Contribution of such Common Limited Partner) equal to all or any portion of its Pro Rata Contribution (with all or such portion thereof that such Common Limited Partner elects to make hereinafter referred to as the "Preemptive Contribution").
Upon receipt of a Pro Rata Contribution Election, the Managing Member shall rescind the Disproportionate Call Notice and shall issue a Call Notice pursuant to Section 4.4 with a Required Contribution Amount equal to the Disproportionate Contribution Amount contained in the rescinded Disproportionate Call Notice.
For purposes of determining the Specific Limited Partner's Pro Rata Contribution (or the Pro Rata Participation (as defined below)), the Specified Limited Partner's Percentage Interest shall mean the Percentage Interest with respect to the class of Partnership Interests issued to the Specified Limited Partner on the Effective Date, whether the Partnership proposes to issue the same class or a new class of Partnership Interests in connection with such additional Capital Contributions.